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Benefits
Of Working With A Licensed
Manager
Ä Reduced time constraints and frustrations
for you. Let us handle all the tenancy issues!
Ä You are protected from possible fraudulent use of your rental income collected by unlicensed
property managers.
Ä Your rental income will be held in a Trust Account
on your behalf until disbursements are made to you.
Ä You can feel secure knowing
your real estate investments are being monitored by an experienced manager who is backed by a fully licensed brokerage,
in accordance with the laws of the Real Estate Services Act and the province of British Columbia.
Ä You will receive a clear, monthly
statement of your rental's financial activities, with itemized details of all expenditures and income.
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Your tenants will benefit from an experience landlord who will maintain open communication with them about their
rights and responsibilities in accordance with the Residential Tenancy Act. |
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| Management Service Costs Initial Set-Up: Fee ⇒ $125 flat rate Create the Management Agreement with the owner's approval of terms Complete a detailed Condition Inspection Report & Building Audit Provide owner with suggestions for repair, maintenance and upgrading options Photograph property Ensure appropriate rental property insurance is in place Create database and tracking forms for owner, property, and tenants
Management: Fee ⇒ 10% of monthly rent collected Rent collections Communication with
tenants Pursue remedies for tenancy issues such
as legal notices and arbitration Arrange for
maintenance and repairs to preserve and/or increase property value and to comply with landlord responsibilities under the
Residential
Tenancy Act. Periodic interior inspections of property & drive-by inspections of exterior Provide monthly statements to owner of rental income, expenses, and
disbursements, and annual financial statement for each property
Complete Tenant Placement Services - for Management Clients: Fee ⇒ 1/2 one month's rent Arrange for advertising at owner's cost with local newspapers, create vacancy poster for real estate office advertising
board, display "For Rent" sign at property, list property on this website Answer inquiries, personally show the property, screen and select tenants Complete Tenancy Agreement forms with the owner's approval of any
additional terms and conditions Collect damage
deposit and forward to owner Complete move-out
& move-in inspections with tenants If a
tenant that we place moves within 180 days, the next placement fee will be waived to re-rent property.
Partial Tenant Placement Services
- for Management Clients: For owners who wish to find their own
tenants Fee ⇒ $125 flat rate Coordinate current tenant move-out and new tenant move-in Calculate damage deposit return for current tenant Complete the required Condition Inspection Reports Complete Tenancy Agreements Collect damage deposit and forward to owner
Incidental Management Services:
$40 per hour Arbitration processes Vacancy Inspections, Occupancy reports Rental comparables, photographs, building audits Document serving
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